Croft Leominster Inc. continued to hold its position in shares of Synchrony Financial (NYSE:SYF) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 206,921 shares of the financial services provider’s stock at the end of the second quarter. Synchrony Financial makes up approximately 1.7% of Croft Leominster Inc.’s holdings, making the stock its 18th biggest position. Croft Leominster Inc.’s holdings in Synchrony Financial were worth $7,097,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors have also recently bought and sold shares of SYF. BlackRock Inc. lifted its position in shares of Synchrony Financial by 2,275.1% during the 1st quarter. BlackRock Inc. now owns 48,272,035 shares of the financial services provider’s stock worth $1,655,730,000 after buying an additional 46,239,640 shares in the last quarter. Berkshire Hathaway Inc. bought a new position in shares of Synchrony Financial during the 2nd quarter worth approximately $520,747,000. Janus Henderson Group PLC lifted its position in shares of Synchrony Financial by 1,820.5% during the 2nd quarter. Janus Henderson Group PLC now owns 10,934,573 shares of the financial services provider’s stock worth $326,070,000 after buying an additional 10,365,219 shares in the last quarter. FMR LLC lifted its position in shares of Synchrony Financial by 27.1% during the 2nd quarter. FMR LLC now owns 36,964,054 shares of the financial services provider’s stock worth $1,102,267,000 after buying an additional 7,874,689 shares in the last quarter. Finally, Capital World Investors bought a new position in shares of Synchrony Financial during the 2nd quarter worth approximately $202,269,000. 87.07% of the stock is currently owned by hedge funds and other institutional investors.
TRADEMARK VIOLATION NOTICE: This story was first published by Markets Daily and is the sole property of of Markets Daily. If you are viewing this story on another site, it was illegally stolen and reposted in violation of U.S. and international copyright & trademark laws. The original version of this story can be read at https://www.themarketsdaily.com/2017/10/11/croft-leominster-inc-continues-to-hold-position-in-synchrony-financial-syf.html.
Synchrony Financial (SYF) traded down 0.8186% on Wednesday, hitting $31.4901. 1,374,772 shares of the stock were exchanged. The firm has a market cap of $25.05 billion, a P/E ratio of 11.8384 and a beta of 1.01. The company has a 50-day moving average of $30.18 and a 200 day moving average of $30.01. Synchrony Financial has a 12 month low of $26.01 and a 12 month high of $38.06.
Synchrony Financial (NYSE:SYF) last announced its quarterly earnings data on Friday, July 21st. The financial services provider reported $0.61 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.58 by $0.03. The firm had revenue of $3.64 billion during the quarter, compared to analysts’ expectations of $3.59 billion. Synchrony Financial had a net margin of 13.84% and a return on equity of 15.30%. During the same period in the prior year, the company posted $0.58 earnings per share. Equities research analysts expect that Synchrony Financial will post $2.59 earnings per share for the current fiscal year.
SYF has been the topic of several recent analyst reports. Morgan Stanley cut shares of Synchrony Financial from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from $35.00 to $32.00 in a research report on Friday, September 8th. Zacks Investment Research cut shares of Synchrony Financial from a “hold” rating to a “sell” rating in a research report on Monday, September 25th. BMO Capital Markets reissued a “buy” rating and set a $40.00 target price on shares of Synchrony Financial in a research report on Friday, August 25th. Oppenheimer Holdings, Inc. reissued a “hold” rating on shares of Synchrony Financial in a research report on Saturday, July 22nd. Finally, Instinet reissued a “buy” rating and set a $35.00 target price (down previously from $38.00) on shares of Synchrony Financial in a research report on Wednesday, July 12th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. Synchrony Financial has a consensus rating of “Buy” and an average target price of $36.88.
In other news, Director Paget Leonard Alves acquired 2,000 shares of Synchrony Financial stock in a transaction dated Monday, July 24th. The stock was purchased at an average cost of $30.85 per share, with a total value of $61,700.00. Following the completion of the purchase, the director now directly owns 8,521 shares in the company, valued at approximately $262,872.85. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 0.03% of the company’s stock.
Synchrony Financial Profile
Synchrony Financial is a consumer financial services company. The Company provides a range of credit products through programs it has established with a group of national and regional retailers, local merchants, manufacturers, buying groups, industry associations and healthcare service providers. The Company’s revenue activities are managed through three sales platforms: Retail Card, Payment Solutions and CareCredit.
Want to see what other hedge funds are holding SYF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Synchrony Financial (NYSE:SYF).
Receive News & Ratings for Synchrony Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Synchrony Financial and related companies with MarketBeat.com's FREE daily email newsletter.